lex-o-pedia
What are the audit requirements under the Companies Act, 2013?
Audit requirements under the Companies Act, 2013 ensure transparency, accountability, and fair financial reporting. Key audits include internal, secretarial, and cost audits, depending on company type. Appointment and removal of auditors follow specific legal procedures.
lex-o-pedia
What are the audit requirements under the Companies Act, 2013?
Audit requirements under the Companies Act, 2013 ensure transparency, accountability, and fair financial reporting. Key audits include internal, secretarial, and cost audits, depending on company type. Appointment and removal of auditors follow specific legal procedures.
lex-o-pedia
What is an overview of non-profit companies under the Companies Act, 2013?
Non-Profit Companies under Section 8 of the Companies Act, 2013, promote charitable objectives like education, social welfare, and environmental protection. They use profits solely for their aims, not dividends, and enjoy tax exemptions. Non-compliance can lead to penalties or dissolution.
lex-o-pedia
What is the legal framework and economic impact of ancillarisation?
Ancillarisation fosters a collaborative ecosystem, linking SMEs and large firms for efficiency. Governed by the Companies Act, 2013 and MSMED Act, 2006, it supports economic growth and industrial synergy.